Latest news about Indian Energy Exchange
Indian Energy Exchange
118.89
+1.82(+1.55%)
Company Performance:
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1M-3.30%
6M-14.69%
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5Y-13.86%
More news about Indian Energy Exchange
13Jun 26
Indian Energy Exchange schedules analyst meeting on June 15
Indian Energy Exchange has scheduled a one-on-one meeting with Cooper Investors on June 15, 2026, in Noida, as part of its engagement with analysts and institutional investors. The company confirmed that no unpublished price-sensitive information will be shared during the interaction. The meeting schedule is subject to change due to exigencies on the part of the investors or the company.
04Jun 26
IEX power trade volume rises 18.6% YoY to 12,983 MU in May
Indian Energy Exchange recorded a monthly electricity traded volume of 12,983 MU in May 2026, an increase of 18.6% year-on-year. The growth was driven by strong demand across market segments, with India's peak power demand surging to an all-time high of 270.82 GW during the month. The average market clearing price in the Day-Ahead Market (DAM) was ₹4.88/unit, up 18.3% YoY.
02Jun 26
Indian Energy Exchange incorporates coal trading subsidiary with ₹100 crore capital
Indian Energy Exchange has incorporated a wholly owned subsidiary, Indian Coal Exchange Limited, on June 1, 2026, with an authorized capital of ₹100 crore. The entity will operate as an online platform for coal trading, subject to regulatory approvals under the Draft Coal Exchange Rules, 2025.
02Jun 26
Indian Energy Exchange schedules analyst meet on June 3
Indian Energy Exchange has scheduled a virtual meeting with analysts and institutional investors on June 3, 2026. The interaction with Dalal Broacha will be conducted on a one-on-one basis via a virtual platform. The company confirmed that no unpublished price-sensitive information will be shared during this meeting.
28May 26
Indian Energy Exchange schedules analyst meet on May 27
Indian Energy Exchange has scheduled a one-on-one virtual meeting with Ambit Capital on May 27, 2026, to engage with analysts and institutional investors. The meeting, intimated under Regulation 30 of the SEBI Listing Obligations Regulations, will not involve sharing any unpublished price-sensitive information. The schedule is subject to change due to exigencies.
22May 26
IEX schedules analyst meeting with Aberdeen on May 25
Indian Energy Exchange Limited announced a one-on-one analyst and institutional investor meeting with Aberdeen Asset Management scheduled for May 25, 2026, in Noida. The company stated that the schedule is subject to change and confirmed that no unpublished price-sensitive information will be disclosed during the meeting.
13May 26
Indian Energy Exchange Records Rs. 28.46 Crores Block Trade on NSE at Rs. 126.88 Per Share
Indian Energy Exchange recorded a block trade on the NSE involving approximately 2,243,168 shares at a price of Rs. 126.88 per share. The total value of the transaction stood at Rs. 28.46 crores. Block trades are large institutional transactions executed outside the regular market order book through a dedicated exchange window. This transaction reflects notable institutional activity in the company's shares.
11May 26
Supreme Court to Review IEX's Challenge to Market Coupling Order; No Interim Relief Granted
The Supreme Court has agreed to review Indian Energy Exchange's plea challenging the market coupling order, while declining to issue any interim relief. The apex court has issued a notice to the Central Electricity Regulatory Commission (CERC) as part of the proceedings. The matter will proceed to a formal hearing without any interim stay on the market coupling directive.
09May 26
Indian Energy Exchange Schedules Analyst and Institutional Investor Meetings from May 11 to 13, 2026
Indian Energy Exchange disclosed a schedule of analyst and institutional investor meetings from May 11 to 13, 2026, under SEBI Regulation 30. The one-on-one sessions are planned with Eternity Capital, Securities Investment Management (SIMPL), Buglerock Capital, and Fair Value Capital, held virtually and at Noida. The company confirmed that no unpublished price-sensitive information will be disclosed during these meetings. The filing was submitted to BSE and NSE on May 08, 2026.
06May 26
IEX April'26 Power Market Update: Monthly Volume Surges 16.6% YoY to 12,341 MU; RTM Sets Record Single-Day High of 250 MU
Indian Energy Exchange reported a monthly electricity traded volume of 12,341 MU in April 2026, up 16.6% YoY, driven by peak summer demand of 256 GW and energy consumption of 154 BUs. The Real-Time Market surged 30.2% YoY to 5,069 MU, setting a record single-day high of 250 MU on April 30, 2026, while the Green Market grew 7.5% YoY to 841 MU. REC volumes declined 59.4% YoY to 1.18 lakh RECs, with the next trading sessions scheduled for May 13 and May 27, 2026.
01May 26
IEX Q4 FY26: Record Volumes, 14.9% Profit Growth, ₹2 Dividend
[Indian Energy Exchange](https://scanx.trade/company/indian-energy-exchange-ltd) Limited delivered exceptional financial performance for FY26, achieving record quarterly electricity volumes of 39.4 billion units in Q4, up 24.3% year-on-year. Full-year electricity volumes reached 141 billion units, growing 17% annually. Consolidated revenue for Q4 increased 12.5% to ₹196.4 crores, while profit after tax rose 10.8% to ₹129.8 crores. For the full year, consolidated profit after tax grew 14.9% to ₹492.9 crores from ₹429.2 crores. The Board recommended a final dividend of ₹2 per share, equivalent to 200% of face value. Green market volumes surged 23% to 10.8 billion units, while REC trading increased 5% to 187 lakh RECs. The company continues to expand its product portfolio and diversification initiatives, including the proposed coal exchange and carbon market developments.
30Apr 26
IEX Reports Strong Q4FY26 Results, Publishes Earnings Call Transcript
Indian Energy Exchange Limited has published the complete transcript of its Q4FY26 earnings conference call held on April 24, 2026, in compliance with SEBI regulations. The company reported robust financial performance with quarterly net profit of ₹129.77 crore and annual net profit growth of 14.80% to ₹492.92 crore, while announcing a final dividend of ₹2.00 per share.
29Apr 26
Indian Energy Exchange Schedules Analyst and Institutional Investor Meetings for April 30, 2026
Indian Energy Exchange Limited has scheduled analyst and institutional investor meetings for April 30, 2026, with Motilal Oswal Financial Services and Old Bridge Capital Management. The meetings, announced on April 28, 2026, comply with SEBI regulations and will be conducted as one-on-one sessions, with no price-sensitive information to be shared.
24Apr 26
Indian Energy Exchange Reports Strong FY26 Performance, Board Recommends ₹2 Final Dividend
Indian Energy Exchange Limited reported strong financial results for FY26 with standalone revenue from operations growing 13.6% to ₹60,838.57 lakhs and net profit increasing 14.2% to ₹47,370.79 lakhs. The Board recommended a final dividend of ₹2 per equity share, up from ₹1.5 in the previous year, with record date set for May 15, 2026. Consolidated performance was equally robust with revenue reaching ₹61,564.70 lakhs and profit at ₹49,292.12 lakhs, reflecting the company's strong market position in India's energy trading sector.
24Apr 26
Indian Energy Exchange Reports FY26 Results, Recommends ₹2 Final Dividend
Indian Energy Exchange Limited reported its audited financial results for the quarter and year ended March 31, 2026. The company's consolidated profit for the year increased to ₹4,929.12 crore, representing a 14.8% growth compared to the previous year's ₹4,291.69 crore. On a standalone basis, profit for FY26 stood at ₹4,737.08 crore, up from ₹4,146.48 crore in FY25. The Board of Directors has recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2026, subject to shareholder approval. The record date for determining shareholder eligibility has been fixed as Friday, May 15, 2026. The statutory auditors, M/s Walker Chandiok & Co LLP, have issued an audit report with an unmodified opinion on both standalone and consolidated financial results.
24Apr 26
IEX Reports Record Q4FY26 Volume of 39.4 BU with 11% PAT Growth
Indian Energy Exchange delivered exceptional Q4FY26 performance with record electricity trading volume of 39.4 BU, up 24.3% YoY. Consolidated revenue grew 12.5% to ₹196.4 crore while PAT increased 10.8% to ₹129.8 crore. Full-year FY26 achieved highest annual volume of 141.1 BU (+17% YoY) with consolidated revenue of ₹747.0 crore and PAT of ₹492.9 crore. The Board declared final dividend of ₹2 per share.
24Apr 26
Indian Energy Exchange Designates Two Vice Presidents as Senior Management Personnel
Indian Energy Exchange Limited has designated Mr. Gaurav Maheshwari (VP - Regulatory Affairs & Risk Management) and Mrs. Aparna Vyas Garg (VP - Corporate Communications & Investor Relations) as Senior Management Personnel under SEBI regulations. Both executives report to the Joint Managing Director and bring extensive experience in their respective domains. The company has informed stock exchanges and made the information publicly available as per regulatory requirements.
23Apr 26
Indian Energy Exchange Recommends Final Dividend of ₹2 Per Share
Indian Energy Exchange has announced a board recommendation for final dividend of ₹2 per share for shareholders. The dividend proposal represents a significant corporate action providing direct cash returns to investors in the energy trading platform, subject to shareholder approval.
21Apr 26
Elara Capital Sets ₹145 Target for IEX Amid CERC Market Coupling Regulatory Risks
Elara Capital has issued an Accumulate rating for Indian Energy Exchange with a ₹145 target price following CERC's release of market coupling regulations draft for public comments. The analysis identifies significant structural risks including unified price discovery eroding pricing power, potential DAM/RTM market share loss, margin compression, and regulatory overhang, while recognizing the company's strong volume growth amid a vulnerable earnings outlook due to the proposed regulatory changes.
17Apr 26
IEX Board Meeting Scheduled April 23 to Approve FY26 Results and Final Dividend
Indian Energy Exchange Limited has scheduled a board meeting for April 23, 2026, to approve audited financial results for FY26 and consider final dividend recommendations. The trading window remains closed until 48 hours post-results declaration, ensuring regulatory compliance during the announcement period.
06Apr 26
IEX Achieves Record Highest Traded Electricity Volume Of 141 BU In FY26, Up 17% YoY
Indian Energy Exchange Limited reported record-breaking FY26 performance with highest ever annual electricity traded volume of 141 BU, marking 17% year-on-year growth. The Real-Time Market segment delivered exceptional 41% growth while Green Market expanded 23%. Q4FY26 achieved highest quarterly volume of 39.4 BU with 24.3% growth, though pricing remained under pressure due to enhanced supply liquidity.
20Mar 26
Indian Energy Exchange schedules analyst meeting with Eastbridge Capital for March 25, 2026
Indian Energy Exchange Limited has scheduled a virtual one-on-one meeting with Eastbridge Capital for March 25, 2026, as part of its analyst and institutional investor engagement activities. The company has informed stock exchanges about this meeting in compliance with SEBI regulations and assured that no unpublished price-sensitive information will be shared during the session.
19Mar 26
Indian Energy Exchange Schedules Analyst and Institutional Investor Meetings for March 2026
Indian Energy Exchange Limited has scheduled analyst and institutional investor meetings for March 20 and 24, 2026, with Aequitas Investments and Prusik Investment Management respectively. The meetings will follow different formats - virtual for the first and in-person at Noida for the second. The company has assured compliance with SEBI regulations and confirmed that no unpublished price-sensitive information will be shared during these interactions.
18Mar 26
Indian Energy Exchange Board Approves Coal Exchange Development Under New Regulations
Indian Energy Exchange received board approval on March 18, 2026, to explore establishing a coal exchange platform under the proposed Coal Regulations 2025 issued by the Ministry of Coal. The in-principle approval was granted during a board meeting that lasted from 11:05 A.M. to 01:35 P.M., representing a strategic expansion of the company's trading infrastructure beyond its current energy market operations.
16Mar 26
Indian Energy Exchange Limited schedules analyst meeting with UNIFI Capital for March 19, 2026
Indian Energy Exchange Limited has scheduled a virtual one-on-one analyst meeting with UNIFI Capital for March 19, 2026. The company filed the required regulatory disclosure with BSE and NSE on March 16, 2026, in compliance with SEBI Regulation 30. The meeting schedule remains subject to change, and no unpublished price-sensitive information will be shared during the interaction.
05Mar 26
IEX Reports 30.4% YoY Growth in Electricity Trading Volume for February'26
Indian Energy Exchange delivered strong trading performance in February'26 with total electricity volume of 12,550 MU, marking 30.4% year-on-year growth. The Real-Time Market led growth at 51.7% with 4,379 MU volume and record daily trading of 448 MU, while Day-Ahead Market grew 22.7% to 6,588 MU. Despite volume growth, prices declined across segments with DAM averaging Rs 3.58/unit (-18.3% YoY) and RTM at Rs 3.59/unit (-18.7% YoY), creating cost-effective opportunities for consumers.
18Feb 26
Indian Energy Exchange Subsidiary Renamed to ICX Private Limited
Indian Energy Exchange Limited has renamed its wholly owned subsidiary from International Carbon Exchange Private Limited to ICX Private Limited, effective February 18, 2026. The change received approval from the Registrar of Companies, Ministry of Corporate Affairs, and was disclosed to stock exchanges under SEBI Regulation 30 compliance requirements.
03Feb 26
IEX Achieves Record 13,050 MU Monthly Trading Volume with Strong RTM Growth
Indian Energy Exchange achieved its highest ever monthly electricity trading volume of 13,050 MU in January, marking 19.6% year-over-year growth. The Real-Time Market segment led performance with 52.8% growth to 4,638 MU, while competitive pricing across segments created opportunities for market participants with DAM prices at Rs 3.86/unit and RTM at Rs 3.72/unit.
31Jan 26
SBI Mutual Fund Reduces Stake in Indian Energy Exchange to 4.73% Through Market Sale
SBI Mutual Fund has reduced its shareholding in Indian Energy Exchange from 6.76% to 4.73% through the sale of 17,15,758 shares on January 29, 2026. The transaction was conducted through market sale and represents a decrease of 0.1924% in the fund's holding. This disclosure was made under SEBI regulations as the change exceeded the 2% threshold, with the fund's current position standing at 4,21,98,411 shares.
31Jan 26
IEX Makes Q3FY26 Earnings Call Audio Available Following Strong Financial Results
Indian Energy Exchange delivered strong Q3 financial performance with consolidated net profit growing 11.2% year-on-year to ₹1.19 billion, marginally exceeding analyst estimates of ₹1.18 billion. The company has made available the audio recording of its earnings conference call held on January 30, 2026, discussing Q3FY26 results for the quarter ended December 31, 2025, in compliance with SEBI listing regulations.
21Jan 26
Indian Energy Exchange Schedules Conference Call for Q3FY26 Results Discussion on January 30, 2026
Indian Energy Exchange Limited has scheduled a conference call for Friday, January 30, 2026, at 2:30 PM IST to discuss Q3FY26 financial results for the quarter ended December 2025. The call will feature senior management including Chairman Satyanarayan Goel, Joint MD Rohit Bajaj, and CFO Vineet Harlalka, with international dial-in facilities available for global participants.
21Jan 26
Indian Energy Exchange Board Meeting on January 29, 2026 for Q3FY26 Results and Interim Dividend Consideration
Indian Energy Exchange Limited has announced a board meeting for January 29, 2026, to consider Q3FY26 unaudited financial results for the quarter ended December 31, 2025, and evaluate an interim dividend proposal for FY 2025-2026. The record date for dividend eligibility has been set as February 4, 2026. The company's trading window remains closed and will reopen 48 hours after the financial results declaration, in compliance with SEBI regulations.
19Jan 26
IEX Challenges Market Coupling Parameters as APTEL Questions Regulatory Integrity
Indian Energy Exchange has escalated its legal challenge against CERC's market coupling directive, arguing that the parameters used for passing the order are fundamentally flawed. This development comes as APTEL emphasizes that regulators must be above suspicion, while CERC maintains it won't implement the directive without proper regulations.
12Jan 26
IEX Shares Decline 35% From Peak as Market Coupling Regulatory Uncertainty Continues
Indian Energy Exchange shares declined 9% over two sessions and are down 35% from peak levels amid regulatory uncertainty over market coupling norms. APTEL deferred hearings to January 19, while technical analysts recommend avoiding fresh positions due to weak chart structure. The company maintains 85% market share in spot power trading, but proposed market coupling could redistribute volumes across exchanges.
12Jan 26
IEX Shares Rebound 3% as Q3 FY26 Volumes Grow 11.9% Amid Market Coupling Regulatory Uncertainty
Indian Energy Exchange shares rebounded 3% to ₹142.00 on January 12, recovering from a two-day decline of approximately 10%. The company reported Q3 FY26 electricity trading volumes of 34.08 billion units, reflecting 11.9% year-on-year growth, though clearing prices declined due to improved supply conditions. Regulatory uncertainty persists as IEX challenges CERC's market coupling order, with analyst opinions divided between JM Financial's Add rating (₹158.00 target) and Bernstein's Underperform rating (₹115.00 target).
09Jan 26
IEX Share Price Drops 7% Following Gas Futures Clarification and Market Coupling Hearing Deferment
Indian Energy Exchange shares fell 7% to ₹139.80 following company clarifications on gas futures reports and market coupling case developments. IEX distanced itself from reports about natural gas futures talks, emphasizing that IGX is only an associate company with independent operations. The Electricity Appellate Tribunal rescheduled the market coupling hearing to January 19, with CERC converting its previous order into a formal direction, adding to regulatory uncertainty.
09Jan 26
IEX Shares Crash 13% From Day's High After APTEL Postpones Market Coupling Hearing
Indian Energy Exchange shares experienced significant volatility, initially rising 7% to ₹160.30 following APTEL's market coupling hearing commencement, before crashing 13% from the day's high after the hearing was postponed to January 19. The company demonstrated strong operational performance with 101.68 BU electricity traded in nine months of FY26, marking 14.3% year-on-year growth, though average prices declined across segments. IEX reported revenue growth of 9.34% and net profit increase from ₹106 crores to ₹122 crores, while facing regulatory challenges from proposed market coupling norms that could impact its 85% market share.
09Jan 26
Indian Energy Exchange Clarifies No Involvement in NSE-IGX Natural Gas Futures Discussions
Indian Energy Exchange has clarified that it has no knowledge or involvement in reported discussions between NSE and IGX regarding natural gas futures contracts. The company emphasized that IGX functions independently as an associate company, making its own business decisions without requiring direct IEX involvement in all operational matters.
09Jan 26
IEX Shares Fall 4.66% After CERC Stays Market Coupling Order Implementation
Indian Energy Exchange shares fell 4.66% to ₹143.10 on Friday after CERC stayed its market coupling order implementation. The stock traded between ₹140.20 and ₹160.30 after opening flat at ₹150.00. APTEL determined that market coupling will not be implemented until proper regulations are established, with the next hearing scheduled for January 19, 2026. The proposed system would have unified electricity pricing across exchanges, potentially reducing IEX's control over price discovery and increasing competitive pressures in the sector.
09Jan 26
APTEL Clarifies No Conclusion Reached on Indian Energy Exchange Case
APTEL has officially clarified that no conclusion has been made regarding the ongoing case involving Indian Energy Exchange. The statement provides transparency about the current status of proceedings, indicating that the matter remains under active consideration by the appellate tribunal.
09Jan 26
IEX Case Hearing Postponed to January 19 by APTEL
The Appellate Tribunal for Electricity has postponed the case hearing involving Indian Energy Exchange to January 19. This procedural update reflects ongoing legal proceedings under APTEL's jurisdiction, with the tribunal rescheduling the matter to allow for proper case preparation and judicial consideration.
09Jan 26
APTEL Registrar Clarifies CERC's Independence in Market Coupling Regulatory Decisions
APTEL Registrar has advised CERC that it maintains full regulatory independence when developing market coupling regulations and should not be constrained by ongoing legal proceedings. This guidance clarifies that regulatory decisions on market coupling should proceed independently of concurrent litigation, ensuring autonomous decision-making authority for CERC. The development has significant implications for power market participants and supports continued progress in India's electricity market infrastructure evolution.
09Jan 26
APTEL Confirms CERC Will Delay System Implementation Until Proper Regulations Are Established
APTEL has confirmed that CERC will not implement its system until proper regulations are established, providing regulatory clarity for the electricity market. The tribunal's statement emphasizes a measured approach to implementation, ensuring comprehensive regulations are in place before proceeding. This clarification affects the operational framework for market participants including Indian Energy Exchange, allowing them to plan accordingly while regulatory foundations are being established.
09Jan 26
CERC Legal Counsel Advocates Regulatory Framework for Market Coupling Implementation
CERC's legal counsel has told a tribunal that market coupling in India's electricity sector should be implemented only through proper regulatory mechanisms. This position affects the Indian Energy Exchange and emphasizes the importance of following established procedural frameworks for major market reforms. The regulatory approach prioritizes compliance and systematic implementation over expedited market changes.
09Jan 26
IEX Shares Fall 13% Following Tribunal Hearing on Market Coupling Norms Dispute
Indian Energy Exchange shares declined over 13% from Thursday's high following the January 9 Appellate Tribunal for Electricity hearing on the company's case against CERC's market coupling norms. The significant share price movement reflects investor concerns about ongoing regulatory challenges facing the power exchange operator.
09Jan 26
IEX Shares Swing As CERC Clarifies Coupling 'Order' As 'Direction' — Details Inside
Indian Energy Exchange shares surged 6.78% to ₹160.27 before retreating as CERC issued a corrigendum converting market coupling 'order' to 'direction' amid ongoing APTEL hearings. IEX challenged the framework as arbitrary and violating natural justice principles, while APTEL emphasized CERC's need for independence and urgency in addressing irregularities. Market coupling would aggregate bids from all power exchanges under a single clearing price, representing a major shift from the current system where each exchange sets independent prices.
09Jan 26
Indian Energy Exchange Updates on CERC's Market Coupling Corrigendum
Indian Energy Exchange Limited has updated stock exchanges about a CERC corrigendum dated January 8, 2026, clarifying that "Order" references in July 23, 2025 market coupling publication should be read as "Directions". The clarification pertains to Petition No. 8/SM/2025 regarding phased market coupling implementation under CERC Power Market Regulations, 2021.
09Jan 26
IEX Market Coupling Case: CERC Lawyer Seeks Additional Time for Response on Coupling Order Withdrawal
CERC's legal counsel has requested additional time to respond on the withdrawal of the market coupling order in the ongoing Indian Energy Exchange case. This procedural development highlights the complexity of regulatory issues surrounding electricity market operations. The extended timeline suggests careful consideration of the coupling mechanism's withdrawal implications for India's power exchange sector.
09Jan 26
IEX Market Coupling Case: CERC Provides No Clarity on Order Withdrawal at APTEL
The Indian Energy Exchange market coupling case faces regulatory uncertainty as CERC has not provided clarity on the withdrawal of the market coupling order at APTEL. This lack of communication creates challenges for power trading stakeholders who require clear regulatory guidelines for operational decisions and long-term planning in the electricity market.
09Jan 26
IEX Shares Drop 10% After CERC Issues Market Coupling Circular Ahead of APTEL Hearing
Indian Energy Exchange shares fell 10% from their intraday high of ₹160.00 to trade flat at ₹150.00 on January 9 following a CERC circular issued ahead of the APTEL hearing on market coupling norms. The regulatory body clarified that the July 2025 order should be read as directions, providing important guidance on market coupling implementation. The stock's volatility reflects investor sensitivity to regulatory developments in the power trading sector.
09Jan 26
IEX Shares Drop 4% Ahead of APTEL Market Coupling Hearing
Indian Energy Exchange shares fell 4% on Friday, January 9, ahead of the APTEL hearing on the market coupling case, after initially gaining 6% during the session. CERC issued a circular clarifying that its July 2025 order should be treated as a 'direction' rather than an 'order'. The 10% intraday swing from highs to lows reflects market uncertainty about the hearing's outcome and its implications for the power trading sector.
09Jan 26
CERC Announces July 2025 Order Consideration for Indian Energy Exchange
CERC has announced that a July 2025 order will be considered for Indian Energy Exchange, with no changes expected in current operations. The regulatory body has provided clarity on the timeline while ensuring operational continuity for the power trading platform.
09Jan 26
IEX Shares Rise 1.5% Ahead of Electricity Tribunal Hearing on Market Coupling Case
Indian Energy Exchange shares gained 1.5% ahead of the Electricity Appellate Tribunal hearing on the market coupling case. The hearing could conclude the dispute if CERC confirms withdrawal possibility of its July 2025 order. IEX challenges the order as arbitrary, seeking to protect its 85% market share in India's spot power market.
09Jan 26
IEX shares in focus ahead of APTEL hearing on market coupling case
Indian Energy Exchange shares are in focus as APTEL prepares to hear market coupling case arguments on January 9. CERC's willingness to reconsider its July 23, 2025 order has boosted sentiment after the original market coupling mechanism threatened IEX's 85% spot market dominance. APTEL had criticized the regulatory process as lacking transparency and independence, leading to the current reconsideration.
07Jan 26
Bernstein warns of regulatory storm for IEX as market-coupling case plays out
Bernstein Research warns of regulatory risks for Indian Energy Exchange despite recent positive court developments, maintaining an 'Underperform' rating. IEX shares rallied 15% over two sessions as APTEL questioned the market-coupling framework formulation. The company reported steady Q3 FY26 performance with electricity volumes rising 11.9% year-on-year to 34.08 billion units, while power prices declined due to improved supply conditions from hydro, wind, and coal sources.
07Jan 26
IEX Fundamentals Remain Strong Despite Market Coupling Overhang: Elara Capital
Expert analysis reveals IEX has faced significant valuation derating due to market coupling regulatory uncertainty, with PE multiples falling from 45-50x to 27-28x despite strong operational performance including 19% volume growth in FY24. The exchange continues to demonstrate robust fundamentals with Q3 FY26 trading volumes of 34.08 billion units, up 11.9% year-on-year, though regulatory implementation could impact future earnings and market share significantly.
06Jan 26
IEX Calls 14% Share Price Surge 'Market Driven' After Court Hearing
Indian Energy Exchange addressed the 14% intraday surge in its share price, clarifying to BSE that the movement was market-driven following APTEL's resumed hearing on the controversial market coupling mandate. During court proceedings, IEX's legal counsel raised serious procedural objections regarding a Power Grid Corp report that allegedly hasn't been shared with the exchange, questioning CERC's rationale for proceeding with market coupling. The company also reported robust Q3 FY26 business performance with electricity trading volumes reaching 34.08 billion units, marking nearly 12% year-on-year growth.
06Jan 26
IEX Shares Jump 10% As APTEL Resumes Hearing On Market Coupling Case
Indian Energy Exchange shares jumped 10% to Rs 147 as APTEL resumed hearing on the market coupling case, with IEX's legal team raising serious procedural objections about an unavailable Power Grid report and questioning CERC's decision rationale. The positive market response was further supported by strong Q3 business results showing 12% growth in electricity trading volumes to 34.08 billion units, demonstrating operational resilience amid regulatory challenges.
06Jan 26
Indian Energy Exchange Executes ₹18.88 Crore Block Trade on NSE
Indian Energy Exchange Limited completed a major block trade on NSE worth ₹18.88 crores, involving approximately 1,277,603 shares at ₹147.81 per share. This substantial institutional transaction reflects significant market activity and demonstrates continued investor interest in the energy trading platform.
06Jan 26
IEX Reports 34.08 BU Q3FY26 Volume Growth of 11.9% with Strong RTM Performance
Indian Energy Exchange delivered strong Q3FY26 performance with 34.08 BU electricity traded volume, marking 11.9% year-on-year growth. The Real-Time Market segment emerged as a standout performer with 35.7% growth, while market clearing prices declined due to increased supply from hydro, wind, and coal-based power generation.
05Jan 26
IEX Power Trade Volumes Rise 2.8% to 11.44 Billion Units in December 2025
Indian Energy Exchange reported 2.8% YoY growth in electricity trading volumes to 11.44 billion units in December 2025. The Real-Time Electricity Market surged 20.5% to 3,833 million units, while Day-Ahead Market declined 11.6% to 5,899 million units. Term-Ahead Market segment showed exceptional 87% growth to 931 million units. Green Market volumes remained flat with marginal 0.5% decline, and REC trading dropped significantly by 53.7% to 7.7 lakh certificates.
26Dec 25
IEX Shares Slide 4% as CERC Introduces VPPA Framework Amid Trading Concerns
Indian Energy Exchange shares declined 4.20% after CERC introduced Virtual Power Purchase Agreement framework enabling large consumers to meet renewable energy obligations without physical power delivery. The new bilateral, non-tradable contracts raise concerns about potential impact on exchange trading volumes, with the stock trading near 52-week lows amid weak technical indicators.
03Dec 25
IEX Reports 17.7% YoY Growth in November Electricity Trading Volume Amid Price Decline
Indian Energy Exchange (IEX) saw a 17.7% year-on-year increase in monthly electricity trading volume, reaching 11,409 MU in November. The Real-Time Market segment grew by 40.2% to 4,233 MU. However, average electricity prices decreased, with Day-Ahead Market prices falling 6.9% to Rs 3.07/unit and Real-Time Market prices dropping 9.2% to Rs 3.14/unit. The volume growth and price decline are attributed to increased renewable energy generation, benefiting power distributors and consumers with more competitive pricing.
07Nov 25
IEX Reports 16% Volume Growth in Q2FY26, RTM Segment Surpasses DAM for First Time
Indian Energy Exchange (IEX) reported robust Q2 FY26 results with electricity trading volume reaching 35.2 billion units, up 16.1% year-on-year. Revenue increased by 9.2% to Rs. 183.30 crores, while profit after tax rose 13.9% to Rs. 123.40 crores. The Real-Time Market segment achieved a 36% share of volumes, surpassing the Day-Ahead Market for the first time. IEX's subsidiary, Indian Gas Exchange (IGX), also showed strong growth with a 37% increase in gas trading volume and a 57% rise in profit after tax.
04Nov 25
IEX Reports 16.5% Growth in October 2025 Electricity Trading Volume
Indian Energy Exchange (IEX) saw a 16.5% year-on-year increase in total electricity traded volume, reaching 11,233 MU in October 2025. Real-Time Market volume surged by 46.8% to 4,583 MU, while Day-Ahead Market volume grew by 6.7% to 4,684 MU. Green Market volume increased by 21% to 1,055 MU. Electricity prices declined significantly, with Day-Ahead Market prices dropping 32% to Rs 2.67 per unit and Real-Time Market prices falling 27.8% to Rs 2.73 per unit. The Renewable Energy Certificates trading volume rose by 39.4% year-on-year.
01Nov 25
IEX Projects 15-20% Volume Growth for FY26, Signaling Optimistic Outlook
Indian Energy Exchange (IEX) has announced a projected 15-20% increase in trading volumes for the fiscal year 2026. This forecast was shared during a recent conference call with stakeholders. The projection is supported by IEX's recent financial performance, which shows growth in total income and net profit. The Q2 FY26 total income from operations was ₹18,326.81 lakh, up from ₹16,776.88 lakh in Q2 FY25. Net profit after tax for Q2 FY26 reached ₹12,334.67 lakh, compared to ₹10,832.37 lakh in the same quarter of the previous year.
30Oct 25
IEX Shares in Focus: Market Coupling Case Hearing and Strong IGX Volumes Expected
Indian Energy Exchange (IEX) is under the spotlight as the Electricity Appellate Tribunal reviews its plea on market coupling norms. The tribunal has requested IEX to file a revised plea, including new respondents such as Grid Corporation of India, Power Exchange of India, and Hindustan Power Exchange. This comes after IEX shares dropped 30% following regulatory approval of market coupling implementation for the Day Ahead Market, set for January 2026. The new system aims to establish uniform pricing across exchanges. Despite recent challenges, IEX's subsidiary, Indian Gas Exchange (IGX), projects growth from 2% to 4-5% market share by 2030, with expectations of strong volumes due to stable gas prices and favorable policies.
30Oct 25
IEX Reports 13.9% Rise in Net Profit to ₹123.3 Crore; Shares Fall 3.57% Amid Regulatory Challenges
Indian Energy Exchange (IEX) announced strong Q2 results with a 13.9% increase in consolidated net profit to ₹123.3 crore. Revenue from operations grew 10.5% to ₹153.9 crore, and EBITDA rose 11.4% to ₹133.4 crore. The company's operating margin improved to 86.7%. Electricity market volumes increased by 16.1% to 35.2 billion units. However, IEX faces regulatory challenges with an ongoing case against CERC's market coupling directive, with the next APTEL hearing scheduled for November 28. Despite positive financials, IEX shares closed 3.57% lower at ₹143.35 on the NSE.
24Oct 25
IEX Schedules Q2 Results Review for October 30
Indian Energy Exchange (IEX) has scheduled a board meeting for October 30, 2025, to review its Q2 and H1 financial results for the period ending September 30, 2025. The company will examine both standalone and consolidated unaudited financial results. IEX has closed its trading window for dealing in company shares, which will reopen 48 hours after the results declaration. This announcement complies with SEBI regulations and demonstrates IEX's commitment to transparency.
17Oct 25
SEBI Uncovers Massive Rs 173 Crore Insider Trading Scheme in Indian Energy Exchange Shares
SEBI has uncovered an insider trading case involving IEX shares, where eight individuals illegally profited Rs 173 crore. The scheme centered on purchasing put options before a significant market event that caused IEX stock to crash by nearly 30%. Bhoovan Singh, the group leader, made Rs 72 crore in illicit gains. The leak originated from confidential CERC meetings, with two CERC officials implicated. Evidence included access to internal documents and photographs of confidential meetings. SEBI has barred all eight individuals involved in the scheme.
15Oct 25
SEBI Bars 8 Individuals from Markets for Alleged Insider Trading in IEX Shares Worth Rs 173 Crore
SEBI has issued a temporary order barring eight individuals from capital markets for alleged insider trading in Indian Energy Exchange (IEX) shares. The illegal gains from these activities reportedly exceed Rs 173.00 crore. The order follows SEBI's investigation into suspicious trading activity around the Central Electricity Regulatory Commission's market coupling directive. SEBI found coordinated trading using unpublished price sensitive information, which created market imbalance.
14Oct 25
IEX Faces Electricity Tribunal Proceedings: Hearing Set for October 2025
Indian Energy Exchange (IEX) is scheduled for a hearing before the Electricity Tribunal on October 30, 2025. The tribunal has directed IEX to file a new plea including additional respondents. All respondents must submit their replies before the hearing date. This extended timeline suggests a complex case with potential implications for the energy trading sector in India.
06Oct 25
IEX Reports Robust 16.1% Growth in Q2FY26 Electricity Trading Volume
Indian Energy Exchange (IEX) achieved a 16.1% year-over-year growth in electricity trading volume, reaching 35,217 Million Units (MU) in Q2FY26. The Real-Time Market saw a 39.1% increase, while the Green Market grew by 17.7%. Average prices in the Day-Ahead and Real-Time markets decreased by 12.5% and 16.1% respectively, due to increased supply liquidity. September 2025 showed continued growth with a 7.1% increase in monthly traded volume. The Day-Ahead Market grew by 1.4%, while the Renewable Energy Certificate Market experienced a 29.8% decline compared to the previous year.
04Sept 25
IEX Reports 19% Surge in Monthly Trading Volumes Amid Lower Power Prices
Indian Energy Exchange (IEX) saw a significant increase in monthly trading volumes for August, reaching 11,803 million units (MU), up 18.9% year-on-year. The Real-Time Electricity Market (RTM) was a standout performer with a 44% growth, while the Day-Ahead Market (DAM) grew by 3%. The Green Market recorded a 7% increase. Despite higher volumes, power prices declined, with DAM prices falling 7% to ₹4.00 per unit and RTM prices dropping 6% to ₹3.38 per unit. Renewable Energy Certificate trading also increased by 2.5%.
18Aug 25
NSE Unveils New Calculator for Monthly Electricity Futures Pricing, Impacting IEX
The National Stock Exchange (NSE) has introduced a new calculator tool for pricing monthly electricity futures contracts. This development is expected to impact the Indian Energy Exchange (IEX) and enhance the efficiency of the electricity futures market. The tool aims to improve pricing mechanisms, potentially influencing how electricity futures are valued and traded on the IEX platform. This initiative demonstrates NSE's commitment to increasing market efficiency and transparency in the electricity futures segment.
05Aug 25
IEX Reports 25.5% Volume Growth in July Despite Price Decline and Market Coupling Concerns
Indian Energy Exchange (IEX) saw a 25.5% year-on-year increase in electricity traded volumes for July, reaching 12,664 million units. The Day-Ahead Market volumes rose 9% to 5,510 MU, while the Real-Time Electricity Market volumes surged 53% to 5,109 MU. Despite volume growth, prices declined with Day-Ahead Market clearing prices falling 16% to ₹4.18 per unit and Real-Time Market prices dropping 23% to ₹3.83 per unit. The Green Market segment traded 1,025 MU, showing 4% growth. However, Renewable Energy Certificates saw a 48% decrease. IEX faces potential challenges from the upcoming implementation of Market Coupling norms by January 2026, which could impact its dominant market position.
01Aug 25
IEX Reports Strong Q1 FY26 Results Amid Regulatory Changes in Power Market
Indian Energy Exchange Limited (IEX) reported robust Q1 FY26 financial results with revenue up 19.2% to INR 184.20 crores and PAT increasing 25.2% to INR 120.70 crores year-on-year. Total electricity trading volume grew 15% to 32.4 billion units, with significant growth in Real-Time Market (41%), Green Market (51%), and REC trading (150%). Despite volume growth, average prices declined in Day-Ahead and Real-Time markets. CERC's order on market coupling implementation by January 2026 could impact IEX's market share. The company remains optimistic about future prospects, awaiting approvals for market expansions and noting strong growth in its associate, Indian Gas Exchange.
28Jul 25
IEX Shares Plunge 9% Amid Market Coupling Concerns, Brokerages Slash Targets
Indian Energy Exchange (IEX) shares fell 8.9% to Rs 132.15 due to ongoing market coupling concerns, despite recent strong quarterly results. The decline follows a previous 30% single-day drop after CERC approved market coupling regulations. Brokerages like Nuvama and Jefferies have lowered their target prices and expect IEX's market share to decrease significantly in the coming years. IEX reported a 25% increase in profit and 19% rise in revenue for the quarter, but long-term regulatory impacts are expected to outweigh short-term performance.
25Jul 25
IEX Reports Strong Q1 FY'26 Results Amid Market Coupling Announcement
Indian Energy Exchange (IEX) reported robust Q1 FY'26 results with 19.2% YoY revenue growth to ₹184.20 crore and 25.2% PAT increase to ₹120.70 crore. Electricity trading volume grew 14.9% to 32.4 BU. The company faces potential challenges from a recent market coupling announcement for the Day-Ahead Market, set to be implemented by January 2026. Managing Director Rohit Bajaj expects some earnings impact but believes IEX is well-positioned to handle increased competition. The Real-Time Market and diversification into gas and carbon markets are seen as mitigating factors.
25Jul 25
IEX Shares Rebound 13% After Record Plunge; Q1 Profit Rises 25% YoY
Indian Energy Exchange (IEX) shares recovered 12.8% to Rs 149.45 following a 30% drop due to CERC's approval of market coupling. Despite regulatory challenges, IEX reported strong Q1 results with 19.2% revenue growth and 25.2% PAT increase. Electricity trading volumes rose 14.9%. Real-Time and Green markets showed significant growth. The power sector saw unique dynamics with slight decrease in electricity consumption but increased supply liquidity on exchanges. Market coupling implementation, set for January 2026, introduces uncertainty for IEX's future market position.
25Jul 25
IEX Reports 25% Surge in Q1 Profit as Electricity Volumes Soar
Indian Energy Exchange (IEX) posted robust Q1 results with a 25.2% increase in consolidated net profit to Rs 120.70 crore and a 19.2% rise in revenue to Rs 184.20 crore. Electricity trading volumes grew by 14.9% to 32.40 billion units, despite a 1.3% decline in overall electricity consumption in India. REC trading saw exponential growth of 149.3%. Average prices in DAM and RTM decreased due to improved supply liquidity. IGX, an IEX associate, reported a 109% increase in traded gas volumes.
25Jul 25
IEX Reports 15% Volume Growth in Q1 FY'26 Amid Regulatory Changes
Indian Energy Exchange (IEX) posted robust financial results for Q1 FY'26, with a 19.20% increase in consolidated revenue to ₹184.20 crore and a 25.20% growth in PAT to ₹120.70 crore. Electricity trading volumes rose 14.90% to 32.40 billion units, with significant growth in Real-Time and Green Market segments. REC trading surged 149.30%. Despite lower power demand, improved supply liquidity led to more competitive pricing. The company faces potential market changes with CERC's order to implement market coupling by January 2026, which could increase competition in power trading.
24Jul 25
IEX Reports Strong Q1 FY'26 Performance, Outlines Decade-Long Growth Strategy
Indian Energy Exchange (IEX) reported robust Q1 FY'26 results with a 19.20% YoY increase in consolidated revenue to ₹184.20 crore and a 25.20% YoY rise in PAT to ₹120.70 crore. Electricity trading volume grew 14.90% YoY to 32.40 billion units. The company unveiled a decade-long growth strategy focusing on increasing power demand, energy market reforms, product innovation, renewable energy integration, and volume expansion. CERC plans to implement market coupling in phases, starting with the Day-Ahead Market by January 2026.
24Jul 25
Indian Energy Exchange Reports Strong Q1 Results with 21% Profit Growth, Appoints New Secretarial Auditors
Indian Energy Exchange (IEX) announced strong Q1 results with consolidated profit after tax reaching ₹120.70 crore, up 25.20% year-on-year. Consolidated revenue increased by 19.20% to ₹184.20 crore. Total electricity volume grew by 15.00% to 32.40 billion units. Renewable Energy Certificates trading saw a 149.30% increase. The company's subsidiary, Indian Gas Exchange, reported a 109.00% growth in traded gas volume and an 86.70% increase in profit after tax. IEX's Board approved the appointment of M/s MNK and Associates LLP as Secretarial Auditors for five years.
24Jul 25
Indian Energy Exchange Sees Massive Block Trade Worth Rs. 245.74 Crores on NSE
Indian Energy Exchange (IEX) experienced a significant block trade on the National Stock Exchange, involving 18,687,400 shares valued at Rs. 245.74 crores. The shares were traded at Rs. 131.50 per share. This large transaction could potentially impact the stock's liquidity and investor perception. IEX is India's leading energy exchange, facilitating trading of electricity, renewable energy certificates, and energy saving certificates.
24Jul 25
Indian Energy Exchange Sees Massive Block Trade Worth Rs. 245.74 Crores on NSE
Indian Energy Exchange (IEX) experienced a significant block trade on the National Stock Exchange (NSE), involving 18,687,400 shares traded at Rs. 131.50 per share, totaling Rs. 245.74 crores. This large-scale transaction highlights substantial interest in IEX's stock and may influence its short-term trading patterns. While the identities of the traders remain undisclosed, the volume of shares traded could impact market sentiment towards IEX, India's premier energy marketplace.
24Jul 25
Indian Energy Exchange Sees Massive Block Trade Worth Rs. 245.74 Crore on NSE
Indian Energy Exchange Ltd. (IEX) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 18,687,400 shares at Rs. 131.50 per share, totaling Rs. 245.74 crore. This substantial trade could potentially impact IEX's shareholding pattern and has drawn attention to the company's market position.
24Jul 25
Indian Energy Exchange Sees Massive Block Trades Worth Rs. 157 Crores on NSE
Indian Energy Exchange (IEX) experienced significant trading activity on the NSE with two large block trades totaling 10,446,731 shares valued at Rs. 157.01 crores. The first trade involved 6,466,030 shares worth Rs. 97.18 crores, while the second trade comprised 3,980,701 shares valued at Rs. 59.83 crores. Both transactions were executed at Rs. 150.30 per share, indicating potential shifts in ownership or strategic moves by institutional investors.
24Jul 25
IEX Shares Plunge 10% on Market Coupling Norms; Retail Investors Exit as Institutions Increase Stakes
Indian Energy Exchange (IEX) shares dropped 10% to ₹169.10 following CERC's approval of market coupling norms set for January 2026 implementation. Retail investors have been exiting, reducing their stake from 39.25% to 29.42% over five quarters. Conversely, institutional investors have increased their holdings, with mutual funds now holding 27.83% and FPIs 18.50%. The stock remains in a 10% lower circuit with 4.10 crore sell orders pending, indicating strong bearish sentiment.
24Jul 25
IEX Shares Dip as Market Coupling Norms Threaten Dominant Position
Indian Energy Exchange (IEX) shares fell 2.40% to ₹187.90 following CERC's approval of Market Coupling norms for the Day Ahead Market, set to begin by January 2026. The new system, which will rotate Market Coupling Operators among power exchanges and use a Market Coupler to match orders, aims to establish uniform pricing across platforms. This change could challenge IEX's current 85% market share in the spot market and potentially redistribute trading volumes among competitors.
08Jul 25
IEX Foresees Extended Delays in Power Market Coupling Implementation
Indian Energy Exchange (IEX) reports that the implementation of market coupling for the power market is likely to experience additional delays due to regulatory and operational uncertainties. The delay is primarily attributed to the lack of definitive decisions from the Central Electricity Regulatory Commission (CERC) and the grid controller. This situation impacts the process of integrating power markets in India, affecting IEX's operations and strategic plans, as well as those of other market participants. The timeline for market coupling remains uncertain, with industry stakeholders closely monitoring developments from regulatory bodies.
04Jul 25
IEX Reports 6.5% Growth in June Electricity Trade Volumes and Significant Surge in REC Trading
Indian Energy Exchange (IEX) saw a 6.5% year-on-year increase in electricity trade volumes to 10,852 million units in June. Real-time electricity market grew by 34%, while the Green Market segment increased by 30%. Renewable Energy Certificate (REC) trading surged by 636% to 32.32 lakh certificates. Q1 results showed a 15% increase in electricity traded volume and a 149% rise in REC trading year-on-year.
03Jul 25
IEX Reports 15% Surge in Power Trade Volume for Q1 FY26 Amid Price Decline
Indian Energy Exchange (IEX) announced a 15% year-over-year increase in power trade volume for Q1 FY26, despite facing lower prices. The growth in trade volume indicates an expanding market for electricity trading and increased activity on the platform. The combination of higher trading volumes and lower prices suggests improved market efficiency and potential cost savings for bulk purchasers. This performance underscores IEX's growing importance in India's power trading landscape.
03Jul 25
Indian Energy Exchange: Electricity Trade Volumes Rise 6.5% in June, Q1 Sees 15% YoY Growth
Indian Energy Exchange (IEX) reported significant increases in electricity traded volumes for Q1 and June 2023. Q1 saw a 15% year-on-year growth, reaching 32,382.00 million units. Real-Time Market grew 41%, Green Market 51%, and Renewable Energy Certificates trading surged 149%. June volumes increased 6.5% to 10,852.00 million units, with Real-Time Market up 34% and Green market up 30%. REC trading volume hit 32.32 lakh certificates in June.
12Jun 25
Indian Energy Exchange Shares Dip as Dalmia Cement Reduces Stake
Dalmia Cement (Bharat) Ltd. has reduced its stake in Indian Energy Exchange (IEX) by 2.44%, causing IEX shares to decline over 2%. Dalmia Bharat now holds a 10.81% stake in IEX. Despite the share price drop, IEX reported a 14% growth in electricity traded volume for May compared to the previous period.
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